Arsenal have £160m in their bank after latest finance report is revealed

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Football News

One thing that Arsenal fans dislike about Arsene Wenger is his refusal to spend big in the transfer window.

Mesut Ozil for £42.5 million and Alexis Sanchez for £30 million is about as much as a spend thrift as Wenger has ever been.

He prefers to buy young players for much cheaper and develop them into world-class players. While this is something he’s had brilliant success as during his 20 years at the club, fans are often left crying out for a big money transfer.

But Wenger may have no choice but to spend big this summer after their financial report was revealed.

The Gunners have just released their latest account for the six months ending November 30, 2015 and, according to The Sun, it reveals that the club have a huge £159.4 million sitting in their bank.

Big transfer budget

While it’s unclear exactly how much Wenger will get to spend of this money at the end of season, it’s highly likely the club will hand him a hefty transfer war-chest this summer.

As well as this incredible amount, Premier League clubs are set to share £8 billion with a brand new television deal meaning Wenger will surely have no excuse but to splash the cash.

The Gunners are looking to win their first league title since 2004 but Wenger was criticised for his lack of spending in both the summer and winter windows this campaign.

Petr Cech joined the club for £10 million in July while they purchased Mohamed Elneny for just £5 million in January.

Many supporters argued that a big-money singing for a world-class talent would have helped them massively in their bid for Premier League glory.

However, after their latest finances were revealed, it seems that Gooners will get their wish in the summer.

But it could be too late by then. Their title bid might be unsuccessful this campaign with Leicester, Tottenham and Manchester City all competing to be champions.

Both Manchester clubs and Chelsea are all likely to splash the cash at the end of the season after all three appear to be fail to hit their objectives and will undoubtably improve next time around.

Chairman's thoughts

Chairman Sir Chips Keswick is hoping his club can be successful in their bid for the title but insists the good atmosphere at the club is down to the lack of signings.

“This has been an unpredictable Premier League season thus far. What is important is that we are in contention and I am sure we have the resources and ability within the squad to sustain a strong challenge. The end of season run-in is going to be an exciting one and I am confident we will be very much at the centre of the action,” he said.

“We continue to see robust growth around our commercial revenues and build our support globally through our marketing and media channels.

“The result for the period has been impacted by a reduction in transfer profits but this reflects the overall stability we have within the squad which, in my view, is a positive factor for the club,” he concluded.

Arsenal fans: Should Arsene Wenger have spent big this season in an attempt to win the Premier League? Let us know in the comments box below!

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Premier League
Thierry Henry
Arsene Wenger

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